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Government Considering Banning International Investors From Buying Homes

The Government is considering banning international investors from buying family homes in housing es...
Kim Buckley
Kim Buckley

7:51 AM - 6 May 2021



Government Considering Banning...

News

Government Considering Banning International Investors From Buying Homes

Kim Buckley
Kim Buckley

7:51 AM - 6 May 2021



The Government is considering banning international investors from buying family homes in housing estates.

It’s understood the Housing Minister is looking at various emergency options after investors made large purchases in estates in Dublin and Kildare.

The Taoiseach has described the situation as unacceptable.

Louise Bayliss from Focus Ireland says it’s resulting in people getting stuck renting.

'At the moment because we haven't been building social housing, we're been a lot of social housing tenants into the private rental market and because a lot of 'cuckoo funds' buying up estates, a lot of first-time buyers are being locked out of the property market and pushed into the private rental market'.

 



Read more about

Daragh O'Brien Dublin Houses Housing International Investors Kildare Minister For Housing

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